Food, home maintenance, transportation, entertainment—ordinary costs like these shape your lifestyle. It’s easy to underestimate everyday expenses in your retirement plan since you already pay some of them. But spending habits often change in retirement.

The right strategy can help you feel more secure by converting a portion of your savings into a guaranteed income stream that lasts your lifetime.

Shifting markets can impact the longevity of your assets. In retirement you'll rely on various income streams, including investments, to fund your needs. If you're forced to make withdrawals when the market is down, you'll have less time to recoup those losses.

The right strategy can help you navigate market swings with minimal impact on your assets.

Health care in retirement can be unpredictable and expensive. It’s estimated that 56% of today's 65-year-olds will need some form of increased health care in retirement.¹

You can enjoy more control over your future health care by accounting for potential expenses in your retirement plan today.

Contrary to popular belief, it’s common to face higher taxes in retirement. Combined with inflation, this may force your assets to work even harder in retirement to keep pace.

Accounting for these possibilities in your spending strategy now is the best way to avoid outliving your savings in retirement.